Deals of the day-Mergers and acquisitions
Oct 29 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:
** Hargreaves Lansdown HRGV.L, Britain's largest investment platform, said it expects the completion of its agreed 5.4 billion pound ($7 billion) takeover by an international consortium in the first quarter of 2025.
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** Norway's sovereign wealth fund said it has bought a 97.7% stake in an office property in Menlo Park in the San Francisco bay area for $217 million, in a joint venture with U.S. real estate investment firm DivcoWest.
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** Commonwealth Bank of Australia CBA.AX said that it has sold a 10% stake in Vietnam International Commercial Joint Stock Bank VIB.HM, in an effort to focus on its banking business in Australia and New Zealand.
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** Australian department store owner Myer MYR.AX will merge with retail billionaire Solomon Lew's Premier Investments' PMV.AX portfolio of apparel brands, in a deal valued at A$863.8 million ($569 million), the companies said.
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** U.S. drugmaker AbbVie ABBV.N said on Monday it will buy Aliada Therapeutics for $1.4 billion in cash, betting on an experimental Alzheimer's treatment still in the early stage of development.
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** Private equity firm BC Partners said on Monday it had agreed to sell its controlling stake in GardaWorld in a deal that values the Canadian security services company at C$13.5 billion ($9.72 billion).
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(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)
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